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Welcome to squawk alley. Im Carl QuintanillaJulia Boorstin and jon fortt are with us for the hour the dow session alone was down 236. Were slightly off that s p 500 is off the early lows as well zoom helping to lead the nasdaq 100, john. Looking forward to disney and cisco earnings to night. That is definitely true, carl the big themes, protect investors today. Number one, game on. The play station 5 from sony is shipping and in stores as of today. Joining the x box series x this marks the start of the biggest console refresh. Really the only major console refresh in seven years its happening during pandemic lockdown and then youve got china. I mean coming off of a record breaking singles day where the chinese Online Consumer is flexing. We have to think about that exposed deadline for tiktok to do a deal in the u. S ....
Came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. Buy, buy, buy. Just one little problem when one strategist says everyones bearish, thats a listen up moment when two strategists say everyones bearish, you might get a little suspicious. When three bigshot strategists say everyone is bearish, you got to figure the consensus is wrong. We dont have too many bears we have too many bulls and maybe thats why the averages rolled over today with the dow tumbling 317 points, s p sinking 1 , and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. They have plenty of facts on their sides. Everything from low Interest Rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have ....
To discuss these topics and more im joined by my guest george samueli in budapest he is an author and a you tuber abacab goal and here in moscow were joined by Dimitri Bobbitt shes a political analyst and editor at interest me internet media project hi gentlemen crossed out rules in effect that means you can jump any time you want and i always appreciate it well lets go to george in budapest 1st well george this is the last time well be doing this format before the election here and i think for me since this programming cross talk in general focuses a lot on the media you know irrespective of the outcome on tuesday then the media really acquitted themselves into the deplorable way this election cycle because we have at the very very end and im not saying you know we like this october surprise of the hunter by laptop i mean lets just put that aside here it is a news story and the media for a lot for the most part there are some ex ....
Lets just put that aside here it is a news story and the media for the law for the most part there are some exceptions but for the most part refused to recognize this is a fact that it is important for people to make decisions about their political future they talk a lot about outside meddling its the media is meddling in this election george yes youre absolutely right. That in pot they have been intimidated by the Clinton Campaign and by the democrats since 26 theyve so theyve been accused of having publicized the disclosures the wiki leaks and thus helping. Trump when and at worst helping the kremlin so just to be you know bad to the media i think they theyve been scared of touching this because again they think of trump wins then they will be. Blamed for this picture but that doesnt excuse their refusal to investigate something that is clearly news with because here we have the man who presumably or piece of going to the poll ....
President of the United States was using his name to enrich his family and he was his family was in business with some very dicey people helping the Chinese Government which after all but its going to be one of the big issues of the coming decades america goes. Rivalry competition whatever with china and here is this man was going to be the president who is really seems to be batting for the other team hes helping the Chinese Government to infiltrate itself within American Life through bidens family that is a very very big deal and for the media just to ignore it is simply a serious dereliction of duty you know game in essential what they have done is they have suspended their professionalism. Little they had of it and they suspended common sense and any sense ....